Chairman Jordan on Cavuto "Cut, Cap
and Balance"
Uploaded by RepublicanStudyComm on Jun 2, 2011
As reported in prior post: The House Republican Study Committee shared that 103 House Republicans sent a letter [pdf copy of letter with signatures identified] to Speaker Boehner and Majority Leader Cantor calling for a "Cut, Cap, and Balance” response to the debt limit and the bigger debt crisis that’s just over the horizon. It’s a simple, three-part plan:
- Cut spending to slash the deficit in half next year (requiring about $380 billion in spending cuts according to CBO)
- Cap spending so it aligns with average revenues (ratcheting quickly down to 18% of GDP from current 24%).
- Send a strong Balanced Budget Amendment to the states for ratification (with high hurdle for tax hikes and 18% of GDP spending cap).
Washington, Jun 6 -
103 House Republicans, led by Republican Study Committee Chairman Jim Jordan, today called for a three-pronged approach of spending reductions to resolve the debt limit impasse and avoid the greater debt crisis just over the horizon.
The “Cut, Cap and Balance” proposal, outlined in a letter to Speaker John Boehner and Majority Leader Eric Cantor, calls for:
- Immediate spending cuts to slash the deficit in half next year. According to March projections from the Congressional Budget Office, this would require spending cuts of approximately $380 billion in the 2012 fiscal year.
- Statutory, enforceable caps that align spending with average revenues by ratcheting total federal spending down to 18% of GDP.
- House and Senate passage of a Balanced Budget Amendment to the Constitution that includes a spending cap at 18% of GDP and a high hurdle for tax increases. 47 Senators have already endorsed a Balanced Budget Amendment along these lines.
“America faces what Democrat Erskine Bowles has called ‘the most predictable economic crisis in history,’” said Rep. Jordan. “Yet President Obama and other Democrats want to raise the debt ceiling with no questions asked. ‘Cut, Cap, and Balance’ is the only plan on the table bold enough to turn the tide of debt, prevent the coming crisis, and restore confidence in our economy. These three measures together will breathe new life into the Age of America.”
The full text of the letter is available here, and the 103 House Republicans who signed the letter are listed below.
“Cut, Cap, and Balance” has also garnered the support of the American Conservative Union, the American Family Business Institute, Americans for Limited Government, Americans for Tax Reform, Citizens United, the Club for Growth, the College Republicans, and the Conservative Action Project. Other supporters include the Council for Citizens Against Government Waste, the Family Research Council, FreedomWorks, Heritage Action, Let Freedom Ring, the Life & Liberty PAC, the National Taxpayers Union, and RedState.com.
Letter Signers: | ||
1. Rep. Todd Akin | 36. Rep. Tom Graves | |
2. Rep. Justin Amash | 37. Rep. Tim Griffin | |
3. Rep. Roscoe Bartlett | 38. Rep. Paul Gosar | |
4. Rep. Joe Barton | 39. Rep. Frank Guinta | |
5. Rep. Dan Benishek | 40. Rep. Ralph Hall | |
6. Rep. Rob Bishop | 41. Rep. Andy Harris | |
7. Rep. Marsha Blackburn | 42. Rep. Vicki Hartzler | |
8. Rep. Kevin Brady | 43. Rep. Nan Hayworth | |
9. Rep. Paul Broun | 44. Rep. Tim Huelskamp | |
10. Rep. Larry Bucshon | 45. Rep. Bill Huizenga | |
11. Rep. Ann Marie Buerkle | 46. Rep. Randy Hultgren | |
12. Rep. Dan Burton | 47. Rep. Bill Johnson | |
13. Rep. John Campbell | 48. Rep. Sam Johnson | |
14. Rep. Steve Chabot | 49. Rep. Jim Jordan | |
15. Rep. Jason Chaffetz | 50. Rep. Mike Kelly | |
16. Rep. Howard Coble | 51. Rep. Jack Kingston | |
17. Rep. Mike Coffman | 52. Rep. John Kline | |
18. Rep. Chip Cravaack | 53. Rep. Raul Labrador | |
19. Rep. Rick Crawford | 54. Rep. Doug Lamborn | |
20. Rep. John Culberson | 55. Rep. Jeff Landry | |
21. Rep. Scott DesJarlais | 56. Rep. James Lankford | |
22. Rep. Jeff Duncan | 57. Rep. Bob Latta | |
23. Rep. Stephen Fincher | 58. Rep. Billy Long | |
24. Rep. Jeff Flake | 59. Rep. Cynthia Lummis | |
25. Rep. Chuck Fleischmann | 60. Rep. Connie Mack | |
26. Rep. John Fleming | 61. Rep. Don Manzullo | |
27. Rep. Bill Flores | 62. Rep. Tom Marino | |
28. Rep. Randy Forbes | 63. Rep. Mike McCaul | |
29. Rep. Virginia Foxx | 64. Rep. Tom McClintock | |
30. Rep. Trent Franks | 65. Rep. Thad McCotter | |
31. Rep. Scott Garrett | 66. Rep. Patrick McHenry | |
32. Rep. Bob Gibbs | 67. Rep. Gary Miller | |
33. Rep. Phil Gingrey | 68. Rep. Jeff Miller | |
34. Rep. Trey Gowdy | 69. Rep. Mick Mulvaney | |
35. Rep. Sam Graves | 70. Rep. Sue Myrick |
71. Rep. Randy Neugebauer |
72. Rep. Kristi Noem |
73. Rep. Alan Nunnelee |
74. Rep. Pete Olson |
75. Rep. Stephen Palazzo |
76. Rep. Steve Pearce |
77. Rep. Mike Pence |
78. Rep. Joe Pitts |
79. Rep. Ted Poe |
80. Rep. Mike Pompeo |
81. Rep. Ben Quayle |
82. Rep. Tom Reed |
83. Rep. Reid Ribble |
84. Rep. Scott Rigell |
85. Rep. Phil Roe |
86. Rep. Todd Rokita |
87. Rep. Dennis Ross |
88. Rep. Ed Royce |
89. Rep. Steve Scalise |
90. Rep. Robert Schilling |
91. Rep. Jean Schmidt |
92. Rep. Dave Schweikert |
93. Rep. Jim Sensenbrenner |
94. Rep. Steve Southerland |
95. Rep. Cliff Stearns |
96. Rep. Steve Stivers |
97. Rep. Marlin Stutzman |
98. Rep. Scott Tipton |
99. Rep. Tim Walberg |
100. Rep. Joe Walsh |
101. Rep. Allen West |
102. Rep. Joe Wilson |
103. Rep. Kevin Yoder |
No comments:
Post a Comment